A firm opening for local benchmark indices could be seen on the back of firm global cues. However, a strong US retail sales shows that the US economy remains resilient, which could prompt the Fed to keep borrowing costs elevated for a longer period. At some point, valuation could come into play as they are getting expensive and hence some profit-taking could be likely in the near term. Technically speaking, Nifty’s biggest intraday hurdles are at the 20250 mark.